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Business Lawtest
Term | Definition |
---|---|
Plaintiff | Person who brings a lawsuit against another |
Defendant | The person against whom a lawsuit is brought or who is charged with a violation of the law |
Stare Decisis | The practice of relying on a previous decision |
Common Law | The English Law System, which the original 13 states co adhered to. |
Precedent | A court decision on which later courts rely in similar cases. |
Case Law | The effects that previous court decisions have made |
Statutory Law | Laws passed by Congress and by state legislatures |
Ordinance | A law that is passed by a local government (City or Counsel) |
Administrative Law | The body of rules, regulations, and decisions created by administrative agencies. |
Uniform Commercial Code | Created to solve the problem of conflicting Ordinances from state to state, The UCC is a set of laws that govern various commercial transactions |
Moral Law | The "Law" concerned with the unenforceable obligations that people have to one another. |
Jurisdiction | The authority or power of a court to hear cases |